Results Horizon Oil Limited ABN 51 009 799 455 Presentation Financial Year 2019 28 August 2019
Compliance statements Disclaimer Reserves Disclosure Statements contained in this material, particularly those regarding the possible or Unless otherwise stated, all petroleum reserves and resource estimates refer to those assumed…
Overview Michael Sheridan CHI EF EX EC UT I V E O FFI C ER Horizon Oil Results Presentation 3 Financial Year 2019
FY19 Full Year Highlights RE C O RD SA L E S VO LU M E R E CO R D S A L E S R EVENU E R ECOR D EBITDA X 1.87 mmbbls US122 million US93 million 13 % 22 % 36 % N E T D E B T RED U CE D U ND E R LY I NG P R OFIT 2P R ES ERVES INCR…
FY19 Delivering on Objectives Improved Maintenance Progressive Organic growth Safety & production of strong debt reduction environmental performance operating performance cashflows Guidance exceeded Record free cashflow Net debt…
Financial Results Richard Beament CHIEF FI NA NC I A L O FFI C ER Horizon Oil Results Presentation 6 Financial Year 2019
FY19 Financial Results (US million) FY19 FY18 Change (%) Production volume, mmbbl 1.60 1.32 22% Material increase in sales and Sales volume, mmbbl 1.87 1.65 13% production Revenue 122.4 100.0 22% Robust and material increases…
Financial Highlights OI L SALE S (mmbbls) R E V E N U E 1 (USm) 1.87 140.0 80.0 1.65 70.0 0.29 120.0 1.42 1.38 0.31 60.0 100.0 1.21 US/bbl 0.30 50.0 USm 80.0 80.1 1.00 70.5 40.0 0.90 0.86 68.9 60.0 35.5 0.93 0.80…
Financial Highlights EB IT D A X A N D C OST P E R B B L U NDER LY ING P R OFIT BEFOR E TAX (USm) 100 30.0 90 80 25.0 70 US/bbl 20.0 60 93.0 37.3 USm 50 15.0 89.1 18.9 40 30 54.0 68.5 10.0 8.7 2.2 45.2 20 5.0…
Financial Highlights FR E E C A SH F LOW (USm) NET D EBT (USm) 72.8 58.8 44.2 57.6 35.6 (10.2) (30.1) (7.7) (37.7) 138.8 131.9 108.5 (95.3) 88.6 Operating Cash Flow Investing Cash Flow Free Cash Flow* 28.0 2015 2016…
Key Cashflow Drivers US million (4.3) (28.1) 126.7 (15.0) (6.5) 72.8 (68.7) (7.5) (2.7) 21.5 27.6 Opening cash Crude oil sales Hedge Opex Corporate Interest Net cash Debt repayment Investment in Exploration Closing cash…
Financial Outlook Continued strong cashflow generation Maintenance of low operating costs Progressive allowing for progressive reduction in Maintenance of targeting < US20/bbl produced debt debt cost discipline Disciplined and…
Outlook and Project Updates Michael Sheridan CHIEF EX EC UT I V E O FFI C ER Horizon Oil Results Presentation 14 Financial Year 2019
Overview of Portfolio China Asia Pacific focus Block 22/12 (Beibu Gulf) 26.95%/55% Material joint venture interests High margin, long life oil production Papua New Guinea assets in China and New Zealand PDL 10 (Stanley) 30%…
Block 22/12 - China l na WZ 6-12N CHINA 5km u Ter m i (26.95%) DU R ING FY 19 eizho Block 22/12 s to W 6-12 PRODUCTION AREA elin e 10% increase in oil sales to 1.3 mmbo with Pip WZ 6-12S MAP AREA (26.95%) Beibu Block 22/12…
Feb 2019 Maari/Manaia Fields - New Zealand FINAL NEW D U R I N G FY 19 ZEALAND Auckland 33% production increase during the year to 0.6 mmbl driven by MAP AREA full year benefit of 2018 acquisition of additional 16% of project,…
2018 AnRpt- UPDATED Nov 2018 Papua New Guinea Portfolio 2018 AnRpt- UPDATED April 2019 PAPUA NEW GUINEA D U R ING FY 19 Wewak Kopiago MAP AREA Madang Material (30%) interests held in four licences in PNYANG Porgera Gas Pipeline…
Reserves & Contingent Resources A T 30 JUNE 2019 2 P R E SE RV E S RE C O N C I L I A T I O N Record sales of 1.87 mmbo and strong year of 8.9 8.8 underlying production of 1.6 mmbo 1.6 Net 2P reserves additions of 1.8 mmbo (after…
Outlook Strong production and cashflow providing pathway to growth Pursue and promote production Continued strong cashflow Optimise enhancement opportunities at Maari/ Strengthening generation allowing for Production Manaia and…
FY19 For more information please contact: Michael Sheridan Chief Executive Officer Horizon Oil Limited T: +61 2 9332 5000 F: +61 2 9332 5050 Level 6, 134 William St Woolloomooloo NSW 2011 E: infohorizonoil.com.au…
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